Industrial Management

Module 1

By : Ankita Upadhyay
 Concept of Management

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MODULE 1 Ankita Upadhyay BY: Ankita Upadhyay
 Concept of Management
 Resources- Limited
 Human wants- Unlimited
 All resources are to be managed by humans
 So, in order to satisfy them, all resources must be utilized
properly
 Thus, to manage all resources available in such a way that it
gives complete satisfaction to human beings is the theoretical
meaning of management.

MANAGEMENT = MANAGE+MEN+T (TACTFULLY)

MODULE 1 BY: Ankita Upadhyay

 Concept of Management
Basically, there are four concepts of management. They are:

• As an activity
• As a process
• As a group
• As a discipline

In modern economy there is no substitute for management. As

remarked by Peter F. Drucker,
“Management is the dynamic, life-giving element in every business.
Without it the resources of production remain resources and never
become production”.

MODULE 1 BY: Ankita Upadhyay

 Concept of Management

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MODULE 1 Ankita Upadhyay BY: Ankita Upadhyay
 Objectives of Management
Organisational Personal Social
objectives objectives Objectives
Maximisation of prosperity Providing good quality of
Survival of organisation in
for both employers & goods & services at
long run
employees reasonable prices

Compliance of rules &

Optimum utilisation of
Working conditions regulation of the
resources
government

Proper payment of dues &

Maximisation of profits Security of job
taxes

Maintaining goodwill of the Maintenance of ecological

Training & development
firm balance

MODULE 1 BY: Ankita Upadhyay

 Nature of Management

Goal oriented
Universal
Integrated process
Social process
Human process
multidisciplinary
Continuous process
Intangible
Dynamic
Interpersonal
Art as well as science

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MODULE 1 Ankita Upadhyay BY: Ankita Upadhyay
 Levels of Management
 Level of management is the hierarchy of the power & control
given to any management role of any individual in the
organisation.
 In other words, levels of Management is a term
referred to line of differentiation among various
administrative positions in a company.
There are 3 levels of management:
-Top level
- Middle level
- Lower level

MODULE 1 BY: Ankita Upadhyay

Functions of Management

MODULE 1 BY: Ankita Upadhyay

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MODULE 1 Ankita Upadhyay BY: Ankita Upadhyay
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Functions of Management
Planning

Controlling Organising

Functions of
Management

Directing Staffing

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 Managerial Skills
The ability to make business decisions and lead
subordinates within a company.
Three most common skills include:
1) human skills- the ability to interact and motivate;
2) technical skills- the knowledge and proficiency in the
trade; and
3) conceptual skills- the ability to understand concepts,
develop ideas and implement strategies. Competencies
include communication ability, response behavior and
negotiation tactics.

MODULE 1 BY: Ankita Upadhyay